Economics

A-level Economics will give you an excellent understanding of how economies allocate their scarce resources to meet the needs and wants of their citizens. You will develop a greater understanding of the economic problems which face individuals, firms and governments on a local, national and global level and the alternative ways these problems can be resolved.
Course Aims
You will investigate microeconomic topics such as how individual decisions impact economic outcomes, the importance of competition, how markets operate and why they fail and how the distribution of income and wealth is affected. At the same time you will learn about macroeconomics, looking at the ‘big picture’ of how our national economy fits into the global context, the global impact of financial markets and monetary policy and the operation of the international economy.
Entry Requirements
Minimum GCSE grade 6 or equivalent in Maths and English Language.
Progression
A-level Economics will benefit you if you are looking to go on to study economics, business or finance at university. The skills you acquire will help you no matter what degree course you choose.
Awarding Body

AQA A-level Economics. This is a level 3 qualification.

Exam
Assessment is entirely by examination and consists of three written papers at the end of Year 13, each out of 80 marks. All papers carry an equal weighting and count towards a third of the overall grade.

Paper 1 – Markets and market failure is a 2 hour examination.

Paper 2 – National and International economy is a 2 hour examination.

Paper 3 – Economic principles and issues is a 2 hour examination.

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